Investing General Discussion
- Thread starter Furious
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Asshat Foler
2024 FoH Asshat
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Are you guys using an app for this? Is this real stonks? Curious to maybe get in on it.
Mist
REEEEeyore
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I just used my PIN.@Gravel was obviously biased and/or hopeful for his retirement account. I dunno what to say aboutSanrith Descartes , maybe trying the price is right method of bidding 1?
EDIT: Oh shit.
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Blazin
Creative Title
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It's just for a unique stonks medal. At the end of December and early Jan we will start the next one where you can submit your guess for year end 2024
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Asshat Foler
2024 FoH Asshat
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Didn’t we have a contest a some point using some stonk simulator? Everyone was allocated the same x amount and it would run for a quarter or two. It had fish in the name iirc. Would be fun to get that going again.
Sanrith Descartes
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Pretty sure there is only one EV maker who actually makes money on every EV it sells.
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Tmac
Adventurer
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Big Phoenix
Pronouns: zie/zhem/zer
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Jysin
Ahn'Qiraj Raider
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Re EVs: You guys do know that it takes a lot of time and capital to scale up a new car company? The upfront costs are substantial and it takes many years to achieve profitability. Investors like to see demand to scale into. For perspective, Tesla took 17 YEARS to become profitable and that only came a few years ago. You think building manufacturing facilities comes cheap?
What is more shocking to me is the Ford and GM losses. If anyone already has size and scale to figure the process out, it would be them.
What is more shocking to me is the Ford and GM losses. If anyone already has size and scale to figure the process out, it would be them.
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Scoresby
Trakanon Raider
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Yeah, the major automakers at least can (to some extent) retool existing capital to build these products. That said, it looks like they have overplayed their hands in that regard as EV sales aren't hitting their marks. I suspect the return trip to build ICE vehicles (internal combustion engine) on that equipment isn't a free one, so they're kinda stuck for now. Couple that with the recent UAW shenanigans and it'll be interesting to see how they price these going forward. Considering low demand and an already high price, I would expect them to continue eating it to try and weather the storm while increasing the cost of their conventional ICE vehicles.
I personally think EV is overinflated as is. There is a ton of government subsidy to try and make this attractive as well as all of the regulation that is attempting to force the issue. That said, there aren't ready solutions that make EV objectively better than ICE in many situations (long distance travel, high temp environments, freight hauling). Couple that with the devaluation owners are going to experience due to end-of-life batteries (and the costly disposal/reclamation of those) and unless someone comes up with a pretty major advancement in the next few years to improve range and blunt the devaluation, I don't see how the market will grow much beyond where it is.
IMO these electric startups are gonna eat a lot of shit sandwiches over the next few years and will have a hard time surviving.
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Sanrith Descartes
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IWM vs the S&P over the last 30 days. They begin the period basically on top of each other and then IWM basically lags the entire month except for two periods of buying on small caps. Last 3 days the gap accelerated and is now the widest its been. Big tech stock buyback period I'm sure it exacerbating the gap this week.
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Sanrith Descartes
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A lot to digest on DIS earnings but they stopped the bleeding on subscribers which was critical. The revenue miss was small (all things being relative).
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